5 Singapore Property Investing Myths Debunked
In the world of property investing, misconceptions can lead to poor decisions and financial losses. In Singapore, there are several...
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TLDR
Show flats can be impressive but may hide important details. Buyers should ask about room sizes, furniture fit, balcony usability, appliance spaces, and bathroom plumbing. Check countertop materials, ceiling heights, and lift availability to avoid future issues. Sales teams highlight strengths, so verify facts across projects and seek independent advice to make informed decisions.
Show flat visits are often exciting, and sales teams are generally eager to answer questions. However, for an inexperienced buyer, the challenge lies in knowing what to ask. Sales agents are unlikely to volunteer information that might deter a sale, and the dazzling decor of a show flat is specifically designed to distract from potential drawbacks or the hefty price tag. Drawing on insights from real estate professionals, here are some critical questions often overlooked by prospective buyers:
1. Delve into Individual Room Dimensions
While the overall square footage is a standard inquiry, the practical usability of individual rooms is equally vital. Since show flats rarely feature every unit type, buyers often rely on floor plans, which can be challenging to visualize accurately.
Remember that a unit’s bedroom count doesn’t always correlate with its total size. You might find a 1,200 sq. ft. unit with three bedrooms and a 900 sq. ft. unit with four. Crucially, confirm if each bedroom can comfortably accommodate a queen-sized bed. For instance, in some projects, common bedrooms might only fit bunk beds or single beds. Similarly, assess if the master bedroom allows for a generous built-in wardrobe in addition to a king-sized bed.
“Plus one” rooms or studies are notorious for their varying practicality. Some are too confined for comfortable long-term home office use, while others are spacious enough to warrant conversion into an additional bedroom. Understanding the true flexibility of these spaces is key.
2. Inquire About Appropriate Furniture Dimensions
Beyond individual rooms, consider the dimensions of open spaces such as the living room, dining area, and balconies (or patios, where applicable).
For dining areas, determine what size table will fit without obstructing movement. While most developers plan for six-seater tables, some smaller units may only comfortably accommodate four-seaters. Also, critically evaluate if the display furniture in the show flat appears disproportionately small or creates a cramped feel. Knowing the actual dimensions will be crucial for future furnishing and for assessing the feasibility of hosting larger gatherings.
For living rooms, ascertain dimensions to determine ample space for sofas, massage chairs, coffee tables, and entertainment units. There have been instances where buyers underestimated space requirements, leading to costly wall modifications.
If a balcony is present, ensure it’s functional. The least desirable balconies are those too small for even a small table and chair, effectively sacrificing valuable liveable space without providing a usable outdoor area. Ideally, a balcony should be conducive for lounging, light exercise, or alfresco dining.
Additionally, some new launches include custom-built features for appliances (e.g., a specific nook for a washer/dryer or refrigerator). Confirm if these features can accommodate different brands and sizes to avoid expensive modifications when replacing appliances in the future.
An additional tip for bathrooms: If you intend to install bidets, check for existing bidet points. Their absence can lead to more complex and costly plumbing work during renovations.
3. Ascertain Countertop Material Quality
The material of countertops significantly impacts durability, scratch resistance, and stain resistance. Ideally, you want to hear about quartz, granite, or marble, known for their robustness. While marble is typically reserved for luxury units, quartz or granite are increasingly common in standard new launches.
Beware of laminates, which are multi-layered materials that tend to be less durable and prone to peeling or staining over time. For tiles, inquire about the brand and source, as quality varies. High-end ceramics are generally preferred for backsplashes, walls, and high-traffic areas, while porcelain is better suited for wet zones like bathrooms. Natural stone tiles signify a premium offering, while basic vinyl tiles are less common in modern developments.
4. Verify Actual Ceiling Heights
Show flats, particularly for larger units, may utilize higher ceilings on top floors to create a more spacious impression. Always ask for the standard ceiling height across all units, and verify if it aligns with what you are observing. A typical ceiling height in Singapore is approximately 2.7 to 2.8 meters.
Accurate ceiling height information is crucial for renovation planning (e.g., false ceilings) and practical considerations. While high ceilings create an open feel, they can pose challenges for cleaning light fixtures or ceiling fans.
5. Evaluate Lift Ratios and Impact on Peak Hours
Inquire about the number of lifts per floor and the number of units they service. Lift breakdowns can become a significant inconvenience, especially if there are only a few lifts serving many units, as one might also be in use for moving or deliveries.
Insufficient lifts can lead to long waiting times during peak hours, weekends, and festive seasons, when residents and their guests are most active. This is also a crucial consideration if any family member uses (or may use in the future) a Personal Mobility Device (PMD), which requires more space. A general guideline suggests at least one lift per 50-70 units for optimal waiting times (around 40-45 seconds), but this can vary. If you’re accustomed to HDB flat waiting times, use that as a benchmark for comparison.
Ultimately, conducting thorough research across multiple potential developments and engaging with sales teams from various projects can provide a more comprehensive understanding. While sales teams will naturally highlight their own project’s strengths, cross-referencing information and seeking independent advice can help you form a balanced perspective and make an informed decision.
Should You Buy, Sell or Wait?
If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?
It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.
I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.
I can help you by:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.
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